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Income Statement

For the 52 weeks ended 1 March 2008

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  52 weeks ended 1 March 2008   Short period to 3 March 2007
  Before
exceptional
items
£m		 Exceptional
items
£m		 After
exceptional
items
£m		   Before
exceptional
items
£m		 Exceptional
items
£m 		After
exceptional
items
£m
Revenue 5,984.8 - 5,984.8   5,606.7 - 5,606.7
Cost of sales (3,881.0) - (3,881.0)   (3,680.5) - (3,680.5)
Gross profit 2,103.8 - 2,103.8   1,926.2 - 1,926.2
Net operating expenses (1,717.5) 0.8 (1,716.7)   (1,598.3) (22.7) (1,621.0)
Operating profit 386.3 0.8 387.1   327.9 (22.7) 305.2
 
- Finance income 62.3 - 62.3   55.5 6.9 62.4
- Finance expense (25.0) - (25.0)   (71.4) - (71.4)
Net finance income/(costs) 37.3 - 37.3   (15.9) 6.9 (9.0)
Share of post-tax profit of
joint ventures and associates		 1.6 - 1.6   0.7 - 0.7
Profit before tax 425.2 0.8 426.0   312.7 (15.8) 296.9
Taxation (137.1) 5.7 (131.4)   (104.2) (5.3) (109.5)
Profit for the period
attributable to equity shareholders 		288.1 6.5 294.6   208.5 (21.1) 187.4
Earnings per share     pence       pence
- Basic     34.0       21.6
- Diluted     33.6       21.4
    pence       pence
Proposed dividend per share     10.0       9.0
    52 weeks ended
1 March 2008
£m 		      Short period to
3 March 2007
£m
Non-GAAP measures            
Reconciliation of profit before tax (PBT) to benchmark PBT            
Profit before tax     426.0     296.9
Effect of exceptional items     (0.8)     15.8
Effect of financing fair value remeasurements     9.0     0.1
Financing impact on retirement benefit balances     (13.0)     (12.1)
Effect of demerger incentive schemes     11.7     5.8
Benchmark PBT     432.9     306.5
Benchmark earnings per share     pence     pence
- Basic     33.9     23.7
- Diluted     33.6     23.5